Following the delivery last week of Okay Airways’ first leased Boeing 737 MAX 8, GECAS signed another contract with Okay Airways for the purchase-and-leaseback with pre-delivery payment financing of two Boeing 737 MAX 8s. The aircraft, fitted with CFM LEAP-1B engines, are scheduled for delivery in July and September 2019. Established in 2004, Okay Airways
Embraer forecasts demand for 10,550 new aircraft with up to 150 seats worldwide, worth US$ 600 billion, over the next 20 years. The in-service fleet is set to increase to 16,000 aircraft, up from the 9,000 aircraft currently in operation. Market growth will drive 65% of this demand, while the remaining 35% will replace ageing
At the Farnborough International Airshow, DHL Express announced an order for 14 Boeing 777 Freighters, which also includes options and purchase rights for 7 additional aircraft. The delivery of the first four planes is expected to be completed in 2019. Overall, these 14 intercontinental plane replacements are capacity neutral, but operational wise with significant cost,
GE Aviation has successfully completed one-third of the 25 major test campaigns required for certification of the GE9X and is on track to certify the engine next year. GE9X, the largest commercial engine, will power Boeing’s new 777X aircraft. Completed tests include crosswind operability, high-pressure turbine stress, icing, emissions, water ingestion and the first phase
Lease Corporation International (LCI), the aviation division of the Libra Group, has entered into an agreement to place a Boeing 747-400F on a long term lease with Atlas Air, a wholly owned subsidiary of Atlas Air Worldwide Holdings. Atlas Air Worldwide is a global leader in innovative, outsourced aviation operating services, with more than 25
ATR, the equal partnership between Airbus and Leonardo, will use the Farnborough International Airshow to display its all-new ATR 42-600 in the livery of its U.S. launch customer, Silver Airways. The plane, which will be leased from Nordic Aviation Capital, will be open to inspection of attendees to the airshow. According to an ATR press
JetBlue has become the first customer for the newly-rebranded Airbus A220 aircraft, signing a Memorandum of Understanding for 60 firm orders for the larger A220-300 model. In addition, the airline converted 25 of its current orders for Airbus A320neo aircraft into orders for the larger A321neo. JetBlue’s A321neos and A220s will be powered by Pratt
Having taken a majority stake in the ailing Bombardier C Series last month, Airbus has revealed that the original Bombardier CS100 and CS300 have been respectively renamed the Airbus A220-100 and A220-300. The new name was announced on Tuesday this week at the Henri-Ziegler Delivery Centre in Toulouse, France with an A220-300 landing directly on
Lease Corporation International (LCI), the aviation division of the Libra Group, has delivered a third new Leonardo AW169 helicopter to Elitaliana S.r.l. (Elitaliana) in Italy, fully equipped for Emergency Medical Services (EMS) operations. The helicopter enters service with Elitaliana on a long term operating lease from LCI, and joins two other AW169s delivered by LCI
BOC Aviation has reported its operational transactions for the second quarter ended June 30, 2018. At the end of the second quarter BOC Aviation owned and managed a portfolio of 324 aircraft, with an average aircraft age of 3.0 years and an average remaining lease term of 8.3 years for owned aircraft fleet, weighted by
